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Large divergence between US Oil (and ROW) with (US nat gas and...

  1. 11,522 Posts.

    Large divergence between US Oil (and ROW) with (US nat gas and coal). Nat gas there is below GFC min, decade+ lows, with coal closing in on GFC low. Thing is KOL, market vectors coal ETF on NYSE, has converged to appear almost indentical to XJO, especially in last 12 months.

    Iron Ore price isn't scaling identically, but has got similar characteristics to coal, so thru XJO v KOL, Aust is scaling as just a big bulk commod mine.

 
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